Vampire Zombie Needs More Blood - Freddie Mac Seeks More Government Funds, Asks For Additional $10.6 Billion

* Q1 provision for credit losses $5.4 bln* Focused on improving credit quality - CEO* Signs of housing market stabilising - CEO* But expect big rise in distressed sales - CEO WASHINGTON/NEW YORK, May 5 (Reuters) - Freddie Mac, the second-largest provider of U.S. residential mortgage funds, on Wednesday asked for an additional $10.6 billion [...] continue reading world news